Category

Earnings Alerts

Qatar Islamic Bank SAQ (QIBK) Reports 1Q Net Income Surge to 955.1M Riyals; Earnings and Total Assets show Positive Yearly Growth

By | Earnings Alerts
  • Qatar Islamic Bank has reported a net income of 955.1 million riyals in the first quarter.
  • There has been a 5.5% year-on-year increase on the net income.
  • EPS (Earnings per share) is 0.40 riyals, marking an increment from previous year’s 0.38 riyals.
  • Total assets of the bank stand at 191.9 billion riyals, reflecting a significant 7.7% growth from the last year.
  • The cumulative income has surged to 2.82 billion riyals, showing a considerable 17% annual growth.
  • Analysts rate Qatar Islamic Bank’s shares as a solid investment option – with three buy recommendations, two hold and zero sell.

A look at Qatar Islamic Bank SAQ Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum2
OVERALL SMART SCORE2.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Qatar Islamic Bank SAQ, according to Smartkarma Smart Scores, has a mixed long-term outlook across various factors. With a Value score of 2, the company might have some room for improvement in terms of its valuation compared to its peers. Similarly, the Dividend score of 2 suggests a moderate performance in terms of dividend payouts. However, the Growth score of 3 indicates a positive outlook for the company’s future expansion and development. In terms of Resilience and Momentum, Qatar Islamic Bank SAQ scored a 2, pointing to a stable but not particularly dynamic performance in these areas. Overall, the Bank seems to have potential for growth while maintaining stability in its operations.

Qatar Islamic Bank (QIB) focuses on attracting deposits and providing Islamic banking services in line with Sharia principles. The Bank offers various financial products, including financing for local and international purchases, support for business projects, asset acquisition for leasing purposes, and investments in local businesses. Additionally, QIB provides services such as letters of credit and guarantees to its clients. With a balanced performance in terms of Smartkarma Smart Scores, Qatar Islamic Bank SAQ continues to navigate the market with a strategic focus on growth, stability, and adherence to Islamic banking principles.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Review: Huadong Medicine Co Ltd A (000963) Earnings Miss Estimated FY Net Income

By | Earnings Alerts
  • Net income for Huadong Medicine was reported at 2.84 billion yuan, which fell short of the estimated 2.91 billion yuan.
  • The company’s revenue was 40.62 billion yuan, lower than the projected 41.36 billion yuan.
  • There are currently 26 buys and 2 holds on the company’s stock, with no sells reported.

A look at Huadong Medicine Co Ltd A Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience3
Momentum2
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Smartkarma’s Smart Scores reveal an optimistic long-term outlook for Huadong Medicine Co Ltd A, with strong indications of growth potential. The company scores well across key factors, with particularly high ratings in Growth and Resilience. Huadong Medicine Co Ltd A is positioned favorably for future expansion and has shown a solid ability to withstand market challenges. While its Momentum score is slightly lower, the overall outlook remains positive.

Summary: Huadong Medicine Co., Ltd. operates in the wholesale and retail sectors of medicines, pharmaceutical preparations, biological products, and medical instruments. Additionally, the company’s subsidiaries are involved in the manufacturing of antibiotic medicines and biochemical products, further diversifying its portfolio and enhancing its market presence.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Prologis Inc Reports 1Q Earnings: Core FFO per Share Matches Estimates Amid Favorable New Supply Outlook

By | Earnings Alerts
  • Prologis’ 1Q core FFO per share met the estimated value of $1.28.
  • Prologis’ earnings per share (EPS) stood at 63c.
  • Occupancy at Prologis was 96.8%, slightly lower than the estimated 96.9%.
  • The company’s revenue came in at $1.96 billion, outpacing an estimate of $1.94 billion.
  • The operating income of Prologis was $720.4 million.
  • Prologis’ net operating income was $1.37 billion.
  • The company recorded a core FFO of $1.22 billion, somewhat shy of the estimated $1.23 billion.
  • General and administrative expenses were reported to be $111.3 million, lower than the projected expense of $114.7 million.
  • Prologis has lowered its full-year guidance for occupancy, same-store growth, and earnings due to the consideration of timing and the outlook on new supply remaining favorable.
  • Although facing near-term headwinds in Southern California, Prologis remains positive about long-term growth and value due to the region’s supply barriers and secular forces driving future demand.
  • The company currently holds 21 buys, 5 holds, and 0 sells.

A look at Prologis Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Prologis, Inc. is positioned well for long-term success based on the Smartkarma Smart Scores analysis. With a strong focus on growth, the company has received a score of 4 in this category. This indicates a positive outlook for the future expansion of Prologis Inc. Additionally, with solid scores of 3 in Value, Dividend, Resilience, and Momentum, the company showcases stability and potential for financial returns. Prologis Inc‘s diverse portfolio of industrial real estate across global markets underpins its resilience, making it an attractive option for investors looking for a robust long-term investment.

Prologis, Inc. stands out as a reliable player in the industrial real estate sector, backed by its global presence and focus on leasing modern distribution facilities. The Smartkarma Smart Scores reflect a balanced approach by Prologis Inc, with consistent scores across different factors. Investors looking for a company with a solid growth trajectory, value proposition, dividend potential, resilience to market fluctuations, and steady momentum could find Prologis Inc to be a top contender for long-term investment opportunities in the industrial real estate sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Abbott Laboratories (ABT) Earnings: Q1 Results Surpass Estimates, Full Year Adjusted EPS Forecast Narrowed

By | Earnings Alerts
  • Abbott has adjusted its forecast for FY adjusted EPS to $4.55 – $4.70 from the previous estimate of $4.50 – $4.70, with an estimate of $4.62.
  • In the first quarter, adjusted EPS was 0.98c, lower than last year’s $1.03, but above the estimated 0.95c.
  • Net sales for the first quarter were at $9.96 billion, a 2.2% increase y/y, which was more than the estimated $9.89 billion.
  • Nutrition sales stood at $2.07 billion and registered a 5.1% increase y/y, slightly below the estimated $2.09 billion.
  • Diagnostics sales went down by 18% y/y to $2.21 billion, missing the estimated $2.23 billion.
  • COVID-19 testing-related sales dropped by 29% q/q to $204 million, but surpassed the estimated $144.6 million.
  • Established pharmaceuticals sales were $1.23 billion, a 3.1% increase y/y, coming slightly below an estimate of $1.24 billion.
  • Medical devices sales rose by 14% y/y to $4.45 billion, exceeding the estimated $4.33 billion.
  • Diabetes care sales saw a 19% increase y/y to $1.57 billion, higher than the predicted $1.54 billion.
  • Abbott’s full-year 2024 organic sales growth guidance, excluding COVID-19 testing-related sales, has been narrowed to a range of 8.5%-10.0%. This signals an increase at the range’s midpoint.
  • Projected adjusted diluted EPS for Q2 2024, excluding specified items, is expected to be $1.08 – $1.12.
  • Robert B. Ford, Chairman and CEO of Abbot, commented that they had a strong start to the year and indicate they’ll raise their full-year sales and EPS guidance.
  • Abbott has delivered double-digit organic sales growth in its base business for the 5th consecutive quarter, notably in Medical Devices and Established Pharmaceuticals.
  • The current recommendations for Abbott stands at 17 buys, 7 holds with no sell ratings.

Abbott Laboratories on Smartkarma

Independent analysts on Smartkarma, namely Baptista Research, have provided insightful coverage on Abbott Laboratories, a key player in the healthcare industry. In a report titled “Abbott Laboratories: Focus On Organic Growth Through Robust Product Portfolio! – Key Drivers,” the analysts highlighted Abbott’s strong performance during the Q4 2023 earnings call. With a remarkable 11% growth in 2023 and a 14% increase in organic sales, Abbott showcased resilience and strategic positioning amidst global challenges. Chairman and CEO, Robert Ford, emphasized the company’s robust operating margin and potential for further expansion, particularly in gross margin.

In another report, “Abbott Laboratories: Strong Momentum In Core Business & The China Impact! – Major Drivers,” Baptista Research commended Abbott for surpassing analyst expectations in revenue and earnings. Abbott’s achievement of double-digit organic sales growth across major businesses, excluding COVID testing, demonstrates its strong market position in high-growth sectors. Analysts attributed the acceleration in sales growth to strategic investments in attractive markets, further solidifying Abbott’s competitive stance in the industry.


A look at Abbott Laboratories Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have evaluated Abbott Laboratories, a company that focuses on health care products and services, providing a comprehensive range of pharmaceuticals, nutritional, diagnostics, and vascular products. According to Smart Scores, Abbott Laboratories has received a positive overall outlook, with strong momentum at 4, indicating good short-term performance.

Looking towards the long-term future, Abbott Laboratories shows promising scores in Dividend, Growth, and Resilience, all at 3. This suggests that the company is positioned well for sustainable growth and stability. Although the Value score is at 2, indicating some room for improvement, the solid ratings across other factors point to a positive outlook for Abbott Laboratories in the coming years.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Stellar Earnings Report: Chongqing Changan Automobile Company (200625) FY Net Income Surges by 45%

By | Earnings Alerts
  • Changan Auto’s net income at the end of the financial year stood at 11.33 billion yuan, indicating a significant year-on-year increase from the previous 7.8 billion yuan.
  • There was also a 45% year-on-year increase in the net income, representing healthy company growth.
  • Changan Auto reported a hearty revenue of 151.30 billion yuan, up by 25% from the previous year.
  • A final dividend per share stands at 34.3 RMB cents, demonstrating the company’s profitability and return on investment for shareholders.
  • Overall market consensus shows a robust buy sentiment with 25 buys, accented by a stable confidence with 5 holds and no sells logged.
  • The revealed results are a comparison to past reports based on figures released from the company’s original disclosures.

Chongqing Changan Automobile Company on Smartkarma

Analyst coverage of Chongqing Changan Automobile Company on Smartkarma has been positive. Travis Lundy, a well-known analyst on the platform, recently published a bullish report titled “Mainland Connect NORTHBOUND Flows: Net Sales Again on Midea and Wuliangye Yibin”. In this report, Lundy highlighted the trend of negative flows, with RMB 5.8bn being sold this week. The analysis provided insights into daily reversionary flows among large caps, emphasizing the significant impact on A-shares. The report also included detailed information on flows/position tables and charts to assist investors in making informed decisions.

Lundy’s research on Chongqing Changan Automobile Company reflects a positive sentiment towards the company’s outlook. The report provides valuable data and analysis, contributing to a deeper understanding of the market dynamics impacting the automotive sector. Investors seeking in-depth research and actionable insights on Chongqing Changan Automobile Company can benefit from the comprehensive coverage available on Smartkarma, featuring top independent analysts like Travis Lundy.


A look at Chongqing Changan Automobile Company Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth5
Resilience5
Momentum5
OVERALL SMART SCORE5.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Chongqing Changan Automobile Company Limited has received exceptional Smart Scores across the board, indicating a very positive long-term outlook for the company. With top ratings in Value, Dividend, Growth, Resilience, and Momentum, Chongqing Changan Automobile Company is well-positioned for future success. The company excels in areas such as financial strength, dividend payouts, growth potential, ability to weather economic downturns, and market momentum, making it a solid choice for investors looking for a company with strong fundamentals and growth prospects.

Specializing in the development, manufacturing, and marketing of a wide range of vehicles and engines, including mini cars, mini sedans, and full-size sedans, Chongqing Changan Automobile Company Limited is a key player in the automotive industry. The company’s high Smart Scores reflect its robust performance across various critical factors, indicating a promising future ahead.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Travelers Cos (TRV) Earnings: 1Q Net Premiums Miss Estimates Despite 8.4% y/y Increase

By | Earnings Alerts
  • Travelers’ net premiums in 1Q were written at $10.18 billion, indicating a +8.4% y/y, which fell short of the estimated $10.37 billion.
  • The company recorded core EPS of $4.69 as compared to $4.11 y/y, which was below the estimated $4.90.
  • Revenue was $11.23 billion, a +16% y/y, slightly surpassing the estimated $11.19 billion.
  • Adjusted book value per share stood at $125.53, up from $116.55 y/y, but slightly lower than the estimated $126.28.
  • The net investment income was $846 million, an increase of +28% y/y, better than the estimated $814.3 million.
  • The core return on equity (ROE) was 15.4%.
  • The underlying combined ratio was recorded at 87.7% as compared to 90.6% y/y, better than the estimated 89.7%.
  • Book value per share was $109.28, up from $99.80 y/y, quite shy of the estimated $111.84.
  • There was a significant surge in catastrophe losses at $712 million, recording a +33% y/y increase, significantly higher than the estimated $475.4 million.
  • There was a little favorable decrease in consolidated combined ratio at 93.9% vs. 95.4% y/y, albeit higher than the estimated 93.2%.
  • Reserve development was reported at $91 million, indicating a -13% y/y, which is higher than the estimated -$81.7 million.
  • The company’s scores stand at 10 buys, 14 holds, 3 sells according to analysts.

A look at Travelers Cos Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

The long-term outlook for Travelers Cos looks promising based on the Smartkarma Smart Scores. With a solid momentum score of 5, the company is showing strong positive growth potential and market performance. This indicates that Travelers Cos is likely to continue its upward trajectory in the future, attracting investors seeking growth opportunities.

Additionally, Travelers Cos scores consistently across other factors such as value, dividend, growth, and resilience, all at a score of 3. This balanced performance across multiple key indicators suggests that the company is well-positioned to weather economic challenges and deliver sustainable returns to its shareholders over the long term.

### The Travelers Companies, Inc. provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Jiangsu Hengrui Medicine (600276) Earnings: 1Q Revenue Misses Estimates, yet Remarkable EPS Steers Optimism Among Investors

By | Earnings Alerts
  • Jiangsu Hengrui’s first quarter revenue has missed estimates.
  • The revenue was recorded at 6.00 billion yuan, falling short of the estimated 6.1 billion yuan.
  • There were two estimates that the calculation was based on.
  • The company’s net income was at 1.37 billion yuan.
  • Earnings per share (EPS) was reported at 21 RMB cents.
  • In terms of recommendation trends, there are 31 “buys”, 3 “holds”, and 2 “sells”.

Jiangsu Hengrui Medicine on Smartkarma

Analyst coverage of Jiangsu Hengrui Medicine on Smartkarma by Xinyao (Criss) Wang highlights a bearish sentiment on the company. In the research report titled “China Healthcare Weekly (Mar.1) – Prioritize Big Pharma, Real Ownership of Pricing Power, Hengrui,” Wang advises investors to prioritize pharmaceutical companies with abundant cash flow and biotech firms with diversified funding sources for higher safety margins. The report suggests that pricing power in the industry ultimately rests with consumers, not enterprises. Wang points out that Hengrui is deemed overvalued in the current challenging environment, citing factors such as the presence of around RMB5 billion generic drugs yet to enter the VBP scope.


A look at Jiangsu Hengrui Medicine Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience5
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investors looking at Jiangsu Hengrui Medicine will find a company with a strong long-term outlook. Smartkarma Smart Scores rate the company highly in Resilience, indicating its ability to weather economic uncertainties. The company also scores well in Growth and Momentum, showcasing positive trends in its development and market performance. With a focus on developing, manufacturing, and marketing a range of essential medicines and packing materials, Jiangsu Hengrui Medicine is positioned to capitalize on the growing healthcare sector.

Jiangsu Hengrui Medicine‘s average scores in Value and Dividend highlight areas where improvement could drive further investor interest. However, the company’s solid performance in key areas positions it well for sustained growth and market presence in the pharmaceutical industry. Overall, Jiangsu Hengrui Medicine shows promise as a resilient player with momentum and growth potential in the long term.

Summary: Jiangsu Hengrui Medicine Co., Ltd. specializes in developing, producing, and selling various medicines and medicine packing materials, including anti-tumor medicines, pain-killers, anti-infection medicines, and aluminum foil products among others.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Zhejiang Juhua Co A (600160) Earnings Analysis: FY Net Income Hits 943.5M Yuan Amid Revenue Dip

By | Earnings Alerts
  • Zhejiang Juhua’s net income for the fiscal year is 943.5 million yuan.
  • The company reported a revenue of 20.66 billion yuan.
  • There has been a decrease in revenue by 3.9% compared to the previous year.
  • The company’s stock has received 17 buy recommendations, with no holds or sells.
  • All comparisons are based on the company’s original disclosures.

A look at Zhejiang Juhua Co A Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience3
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have evaluated Zhejiang Juhua Co A utilizing their proprietary Smart Scores system to determine the long-term outlook for the company. With a strong score of 5 for Growth and Momentum, Zhejiang Juhua Co A is projected to excel in expanding its business and maintaining market momentum. Additionally, the company received favorable scores of 3 for both Dividend and Resilience, suggesting a steady dividend payout and ability to weather market volatility. However, Zhejiang Juhua Co A scored lower in the Value category with a score of 2, indicating potential concerns regarding the company’s valuation.

Zhejiang Juhua Co. Ltd., a chemical manufacturer, offers a range of chemical products including alkali, fluoride, ammonia, acid, and biochemical products, among others. Based on the Smart Scores analysis, the company’s strong performance in Growth and Momentum bodes well for its future prospects, while its scores in Dividend and Resilience indicate stability in dividends and market durability. Investors considering Zhejiang Juhua Co A should take note of its overall positive outlook while keeping an eye on valuation metrics.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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US Bancorp (USB) Earnings Q1 Report: Total Average Deposits and Loans Meet Estimates, Noteworthy Changes in Provisions and Non-Interest Income

By | Earnings Alerts
  • The total average deposits for U.S. Bancorp in Q1 were $503.06 billion, aligning with the estimated $507.09 billion.
  • Total average loans stood at $371.07 billion, slightly below the estimated $372.92 billion.
  • The change in average total deposits saw a marginal growth of +0.1%.
  • The earnings per share (EPS) were 78 cents.
  • A provision for credit losses stands at $553 million, above the estimate of $498 million.
  • Net charge-offs amounted to $488 million, just over the estimated $486.7 million.
  • Net interest income FTE was $4.02 billion, slightly short of the estimated $4.04 billion.
  • Net interest margin was 2.7%, slightly below the estimated 2.75%.
  • The non-interest income meets the estimate at $2.70 billion.
  • The Basel III common equity Tier 1 ratio was right on the predicted 10%.
  • The efficiency ratio ended up higher than expected at 66.4%, against an estimate of 63.7%.
  • The return on average assets was 0.81%, below the estimated 0.88%.
  • The return on average equity was 10%, just short of the estimated 10.9%.
  • The effective tax rate was slightly lower than expected at 20.7%, against the estimated 21.7%.
  • There have been 13 buys, 13 holds, and 0 sells for U.S. Bancorp stocks.

A look at US Bancorp Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Smartkarma’s Smart Scores indicate a promising long-term outlook for U.S. Bancorp. With high scores in both Value and Dividend at 4 out of 5, the company demonstrates solid financial health and a commitment to rewarding shareholders. While Growth, Resilience, and Momentum scores are slightly lower at 3, U.S. Bancorp still shows potential for steady performance and stability in the face of market fluctuations. As a diversified financial services company operating primarily in the Midwest and Western United States, U.S. Bancorp’s strong foundation positions it well for sustained success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Citizens Financial (CFG) Earnings: 1Q Total Deposits Align with Estimates, Revenue Stable at $1.96 Billion

By | Earnings Alerts

Citizens Financial reports total deposits of $176.43 billion in 1Q, meeting estimates despite a decrease of 0.5% q/q.

• Average deposits observed also stand at $176.1 billion, showing a decrease of 0.6% q/q which is in alignment with the estimate of $177.27 billion.

• Total loans and leases for the quarter revealed a drop of 1.9% q/q to a value of $143.19 billion, slightly less than the estimated value of $144.97 billion.

• Provision for credit losses is reported at $171 million which is lower than the predicted value of $182.4 million.

• Underlying EPS for the quarter stands at 79c, surpassing the estimate of 75c.

• Revenue reported remains consistent with estimates at $1.96 billion.

• Net interest income FTE matches the estimate of $1.44 billion, with net interest income also standing at $1.44 billion, despite a decrease of 12% y/y.

• FTE net interest margin stands at 2.91%, which is less than the 3.3% from the previous year but slightly higher than the estimated 2.87%.

• Non-interest income is reported at $514 million, slightly below the forecasted $521.4 million.

• Net charge-offs for the period have increased by 36% y/y to $181 million, which is considerably lower than the expected $189.9 million.

• Efficiency ratio for Citizens Financial stands at 69.3%, higher than the previous year’s 60.9% and above the estimated 66.4%.

• The company remains comfortable with their full-year guidance.

• The company is well positioned to deliver 16-18% Rotce Medium-Term.

• Net interest income is expected to decrease about 2% q/q.

• Downwards trend anticipated with 2Q Net Interest Income, foreseeing to decrease about 2% q/q.

• The firm’s stock ratings stands at 13 buys, 10 holds, and 1 sell.


A look at Citizens Financial Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have assessed Citizens Financial‘s long-term outlook using their unique Smart Scores methodology. With a top rating of 5 for Value, the company is deemed to be financially sound and potentially undervalued in the market. Coupled with strong scores of 4 in both Dividend and Growth categories, Citizens Financial shows promise for investors seeking both income and capital appreciation over time. Additionally, its Momentum score of 4 indicates a positive trend in the company’s stock performance, further enhancing its attractiveness to potential stakeholders. While the Resilience score of 3 suggests some room for improvement in managing risks, overall, Citizens Financial appears well-positioned for sustainable growth in the banking sector.

Citizens Financial Group Inc. stands out as a comprehensive provider of commercial banking services for both retail and institutional clients. Offering a wide array of financial products including consumer loans, commercial loans, mortgage loans, deposit products, internet banking, and trust services, the company caters to diverse customer needs. With a stellar Value score of 5 reflecting its financial strength and attractive valuation, combined with solid scores in Dividend, Growth, and Momentum, Citizens Financial demonstrates robust potential for long-term success in the competitive banking industry. While there is room for enhancement in Resilience, the company’s strategic positioning and strong performance across key factors bode well for its future sustainability and growth.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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